Montreal Exchange Announces New Market Making & Liquidity Provider Programs for Options on the BAX
The Montreal Exchange (MX) recently introduced two programs designed to further liquidity on options on Three-Month Canadian Bankers’ Acceptance Futures (OBX, OBW, OBY and OBZ).
Market Making Program for options on the BAX
DRW Investments, LLC and TD Securities Inc. have been selected as the designated market makers for options on the BAX under this new program.
Each market maker is required to post markets for a minimum of 80% of the regular trading session, and to quote continuously from 2:30 p.m. to 3:00 p.m. in order to ensure orderly contract settlement.
Liquidity Provider Program for options on the BAX
To provide additional support for these contracts, MX is offering a full execution fee rebate on OBX, OBW, OBY and OBZ for all participants in the Liquidity Provider Rebate Program, effective until December 31, 2013.
For further information or to arrange an interview with an MX executive, please contact me at 416-814-8834 or email@example.com.